Commodity

noun

1. Anything movable (a good) that is bought and sold.
2. Something useful or valuable.
3. Raw materials, agricultural and other primary products as objects of large-scale trading in specialized exchanges.

   "The price of crude oil is determined in continuous trading between professional players in World's many commodities exchanges."

4. Undifferentiated goods characterized by a low profit margin, as distinguished from branded products.

   "Although they were once in the forefront of consumer electronics, the calculators have become a mere commodity."

5. Anything which has both a use-value and an exchange-value.